Kalyani Tandon Sells 2,127 Shares of Intapp, Inc. (NASDAQ:INTA) Stock

Intapp, Inc. (NASDAQ:INTA) CAO Kalyani Tandon sold 2,127 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $35.15, for a total value of $74,764.05. Following the completion of the transaction, the chief accounting officer now directly owns 21,060 shares in the company, valued at approximately $740,259. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kalyani Tandon also recently made the following trade(s):

• On Wednesday, August 23rd, Kalyani Tandon sold 1,183 shares of Intapp stock. The shares were sold at an average price of $34.80, for a total value of $41,168.40.
• On Monday, August 21st, Kalyani Tandon sold 406 shares of Intapp stock. The shares were sold at an average price of $34.89, for a total value of $14,165.34.

Intapp Stock Up 0.2 %

Shares of NASDAQ:INTA opened at $35.45 on Tuesday. The company’s fifty day simple moving average is $36.89 and its 200 day simple moving average is $40.55. Intapp, Inc. has a 12 month low of $16.02 and a 12 month high of $50.46. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -32.82 and a beta of 0.56.

Intapp (NASDAQ:INTA) last announced its earnings results on Wednesday, September 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Intapp had a negative return on equity of 19.62% and a negative net margin of 19.79%. The business had revenue of $94.62 million for the quarter, compared to analyst estimates of $93.14 million. During the same quarter last year, the firm earned ($0.29) EPS. Intapp’s revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts expect that Intapp, Inc. will post -0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on INTA shares. Piper Sandler decreased their price objective on shares of Intapp from $49.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, September 8th. Oppenheimer lowered their price objective on shares of Intapp from $54.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, September 7th. BTIG Research began coverage on Intapp in a report on Monday, July 10th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Barclays initiated coverage on Intapp in a research note on Wednesday, September 6th. They issued an “overweight” rating and a $43.00 target price for the company. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $43.50.

Institutional Investors Weigh In On Intapp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new stake in Intapp in the 1st quarter valued at $33,000. Tower Research Capital LLC TRC increased its stake in Intapp by 100.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock valued at $34,000 after buying an additional 383 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in Intapp in the 2nd quarter valued at $37,000. Captrust Financial Advisors acquired a new stake in Intapp in the 2nd quarter valued at $41,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Intapp during the 1st quarter worth approximately $50,000.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. The company's solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.